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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (74256)	11/17/2006 8:37:28 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 110194

Note that stock futures are down some despite another sharp drop in oil prices. Market STARTING to ignore good news.

To: Rarebird who wrote (74256)	11/17/2006 11:05:10 AM
From: mishedlo	Respond to of 110194

To try and make long term sense out of a one day reaction on an overbought market does not make a lot of sense. Treasuries already gained back most of what they lost yesterday. All we are seeing is how hard it is to break through resistance. Nothing more nothing less. People were making way too big a deal out of treasury selloff yesterday. Had it continued today in the face of friendly news perhaps, but here we are with yields moving right back down. It will not be long before they crack (and they should crack IMO). Mish